Diverse Opportunities Aplenty for Investors Interested in the Marijuana Market

NEW YORK, June 22, 2017 /PRNewswire/ --

Within the exploding legalized marijuana industry, new innovations and investment opportunities are cropping up all the time; no matter what sector you have interest in, there is likely an investment option to be explored. Among enterprising companies looking for innovative ways to profit within the blossoming marijuana market, SinglePoint, Inc. (OTC: SING) (SING Profile), First Bitcoin Capital Corp. (OTC: BITCF), Kush Bottles, Inc. (OTC: KSHB), Medical Marijuana, Inc. (OTC: MJNA) and Solis Tek, Inc. (OTC: SLTK) offer diverse opportunities for savvy investors interested in a marijuana-related play.

The growth of the legal marijuana market has been bigger and faster than the growth of the dot-com industry in its heyday, experts say. In North America, cannabis sales grew by 30 percent in 2016, reaching $6.7 billion; marijuana sales in North America, including Canada, have been projected to surpass $20.2 billion by the year 2021, assuming a CAGR of 25 percent^[1]. The rapid growth within this developing market is constantly creating new opportunities as laws change, new cannabis enterprises open up, and service needs emerge for those businesses. There are plenty of prime investment opportunities, both in companies that handle the marijuana plant and in companies that don't.

One increasingly recognizable marijuana play is SinglePoint (SING) which plays a role in a variety of sectors, including payments, technology, hydroponics and gardening, and more. Among its present endeavors, SinglePoint recently announced (http://nnw.fm/7XlMo) an initiative to develop a bitcoin payment solution for cannabis businesses, which due to federal restrictions and bank reluctance, are currently 'unbankable' and must deal in cash only. SinglePoint has partnered with First Bitcoin Capital Corp. (BITCF) to create a proprietary bitcoin payment solution that can be easily implemented in any point-of-sale machine via a simple download, enabling marijuana users to purchase cannabis products using credit and debit cards independent of banks and the FDIC.

SinglePoint has also made various acquisitions as part of its efforts to take a diversified approach (http://nnw.fm/zD4qP) to the marijuana industry without touching the plant. The company's portfolio includes a majority stake in Discount Indoor Garden Supply, an acquisition completed in May which immediately positioned SinglePoint to become a leader in online products, retail stores, cannabis consulting and equipment in California. Additionally, SinglePoint earlier this year invested in Convectium, a company that provides equipment, branding and packaging solutions to the cannabis industry and developed the first cartridge and vape pen oil-filling machines for wholesale distribution to marijuana dispensaries. The 710Shark and 710Seal machines can fill and package over 100 cartridges or disposable vape pens in just 30 seconds and are currently sold through the EquipCanna.com website. Convectium additionally operates a consumer brand that includes BlackoutX and HazeSticks products.

SinglePoint further operates the http://www.SingleSeed.com subsidiary, which is focused on the online sale of cannabis products to dispensaries and has become a leading resource for dispensaries that are seeking merchant payment processing solutions and other business tools. Through SingleSeed payments, SinglePoint offers payment solutions for cannabis businesses that include mobile marketing and payment solutions like cashless ATM, Pay-by-Text™ and text message marketing.

SinglePoint partner First Bitcoin Capital (OTC: BITCF) is also focused on payment solutions. As the first publicly traded cryptocurrency and block-chain-centered company, it is focused on developing digital currencies, proprietary block-chain technologies, and the digital currency exchange http://www.CoinQX.com. Among its payment solutions, First Bitcoin Capital offers automated check-cashing kiosks to medical marijuana dispensaries in California, charging competitive check-cashing fees. This check-cashing ATM service rounds out the company's suite of financial offerings to the medical marijuana industry, which include merchant processing and point-of-sale solutions.

Initially focused on packaging solutions at its inception in 2010, California-based Kush Bottles (OTCQB: KSHB) has since expanded its product line. Kush Bottles' products now range from custom packaging and labeling items to point-of-sale products like grinders, lighters, papers and glass pieces. The company also recently obtained a U.S. patent for a unique customizable mechanism for its top-selling, child-resistant packaging, enabling 3D branded icons to now be attached to the container lids. Kush Bottles caters to thousands of cannabis dispensaries, retail shops, growers and consumers and is a leading packaging supply and services company exclusively serving the needs of the marijuana industry.

In the healthcare sector, Medical Marijuana (OTC: MJNA) stands out as the first company to make hemp cannabidiol (CBD) products available in the United States and around the world, taking the bold step of finding a legal means of providing these products in the U.S. without waiting for federal law changes. The company has done this by providing high-quality cannabis-derived products that feature non-psychoactive cannabinoids such as cannabidiol (CBD), which boasts various potential health applications without reliance on tetrahydrocannabinol (THC). MJNA has gone outside of the U.S. to grow low-THC cannabis varieties (hemp) and has crafted CBD hemp oil from carefully cultivated hemp plants, successfully imported it into the U.S. CBD hemp oil is non-psychoactive, 100 percent legal in the U.S., and contains a full array of phytocannabinoids. The company's products, distributed through HempMeds and Kannaway, include pure CBD hemp oil, Kannaway Essential Oils, tinctures, sprays, capsules, vaporizers, bath and body products, and chewing gum. In addition to selling legal CBD hemp oil products in the U.S., MJNA has also been able to offer the very first legal marijuana products in Mexico and Brazil and has additionally expanded its Kannaway brand into the European marketplace.

Marijuana also finds its place in technology. Vertically integrated technology innovator Solis Tek (OTCQB: SLTK) is also taking a fresh approach within the cannabis industry, offering products and solutions to commercial cannabis growers within legal markets throughout the country. Solis Tek has become a leading provider of digital lighting equipment for hydroponic cannabis cultivation, offering digital lighting solutions that help increase yield, cut costs and improve crop growth. Solis Tek also recently announced the launch of its Nutrient Line, which employs natural ingredients to help growers increase yield, lower costs and grow healthier plants. The first product in this line, Terpenez, is an organically-derived, commercial-grade essential oil intensifier designed to naturally increase the terpene profile of the cannabis plant and thereby enhance the plant's inherent characteristics.

There are many ripe investment opportunities within the legalized marijuana industry, which increasingly gains ground in some of the most favored sectors. This fast-growing market has nowhere to go but up, and savvy investors would be wise to take a look at the playing field and discover the diverse opportunities of the cannabis boom.

Editorial Sources:

For more information on SinglePoint, visit: Singlepoint (SING) or http://www.SinglePoint.com

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